Hamlyn Heights has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.21% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hamlyn Heights has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Hamlyn Heights itself are offering an average vendor discount of -5.49% to real estate investors.
Property investors should expect to get $340 weekly from the median priced house in this suburb.
Investment property in Hamlyn Heights has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.43%
A 5.81% growth in median value for property investors in Hamlyn Heights,3215 puts this suburb at number 62th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Hamlyn Heights are currently offering property investors an average price cut of -6.70% below the asking price at the moment.
Residents and property investors in Hamlyn Heights have been waiting around 84 days to sell a property.
The VIC suburb of Hamlyn Heights, 3215 is in the Greater Geelong local government area.